What are the options a seller has in response to a buyer's offer?

Study for the Dubai Real Estate Broker Exam with comprehensive practice questions and insightful explanations. Prepare with flashcards and multiple choice questions to ensure your success!

A seller's options in response to a buyer's offer include accepting the offer, rejecting it, making a counteroffer, or ignoring the offer completely.

Accepting the offer signifies that the seller agrees to the terms as presented. Rejecting an offer indicates that the seller does not agree with the terms and wishes to pursue other opportunities. A counteroffer allows the seller to propose different terms, giving them leverage to negotiate aspects of the deal like price, contingencies, or closing dates. Ignoring an offer means the seller does not respond, potentially leaving the deal open for a limited time while considering other offers or conducting further evaluation.

Considering these aspects, the correct choice reflects all four potential responses accurately: acceptance, rejection, a counteroffer, and the option to simply ignore the initial offer.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy